Macco Law Group, LLP

The Macco Law Group is pleased to announce that Cooper Macco has been nominated to run for Assembly District 12. As an attorney, Cooper regularly helps members of the community avoid foreclosure and save their home through bankruptcy and foreclosure defense. He also helps individuals avoid eviction, wage garnishment, and other form of judgment enforcement. The Macco Law Group is confident Cooper will bring his same work ethic and unique skill set to New York State Assembly if he is elected on November 8.

I am honored to announce that I am the Democratic Party Nominee for New York State Assembly District 12. This newly redrawn district encompasses parts of Lloyd Harbor, Huntington, Huntington Bay, Centerport, Greenlawn, Northport, Asharoken, East Northport, Commack, Deer Park and Islip. I look forward to meeting constituents in the coming months.

Chapter 13 Bankruptcy provides several options to homeowners in arrears. In a chapter 13 bankruptcy, homeowners can either seek to modify a defaulted mortgage, or repay the arrears over a five year repayment plan. Schedule a free consultation with Macco Law Group, LLP to discuss which option may be best suited for your needs.

https://www.newsday.com/business/new-york-homes-foreclosure-moratorium-1.50475681?utm_source=appshare

14,500 LIers behind on mortgages as foreclosure moratorium lifts After offering protection for homeowners for nearly two years, New York state’s moratorium on foreclosures is set to expire Saturday, and data show 14,500 Long Island borrowers are seriously behind on

Starting in 2021, New York debt collectors can contact individuals through text and email.

A New Rule Could Mean More Creditor Harassment Currently, debt collectors in New York and throughout the country are forbidden from contacting debtors by email or through text messages. However, the Consumer Financial Protection Bureau, or CFPB,

Support Your Local Chamber & Enter for a Chance to Win!

A Chapter 13 bankruptcy repayment plan may sound doable, but circumstances can change.

3 Options When Unable To Pay Repayment Plan Is there a solution to this problem?

Couples support each other in tough times. But with debt, what kind of support is it?

How Does Marriage Play Into Bankruptcy? New York has a common practice.

There are many risks to borrowing money in order to pay off medical debt.

What Are Some Ways To Pay Medical Bills? Negotiate outstanding medical debt.

Many factors can lead to overwhelming debt, but bankruptcy can offer a fresh start at any age.

2 Reasons Older Folks Are Going Into Debt Those over 55 are filing for bankruptcy at an alarming rate.

3 ways to protect mental health while reducing debt

Debt Takes An Emotional Toll Symptoms similar to PTSD are common.

When debt relief seems impossible, there may still be a way forward.

Can Bankruptcy Be Filed More Than Once? Here are the requirements.

5 Responsibilities Of A Bankruptcy Trustee

Who is the person who digs deep into homeowners' assets?

maccolaw.com Trustees' main goal is to liquidate and sell certain assets.

3 Major Benefits of Hiring a Bankruptcy Attorney

The headache of financial burdens has a cure.

maccosternlaw.com What options do people have when facing mounting debt?

Myths About Bankruptcy

If someone files for bankruptcy, is their credit ruined?

maccosternlaw.com What do the rules say?

Is Bankruptcy The Answer?

Even high income earners may benefit from Chapter 13 bankruptcy. Learn how reorganizing debts can help.

maccosternlaw.com The right solution depends on multiple factors.

After Bankruptcy: 5 Tips

After bankruptcy, it pays to be smart about money.

maccosternlaw.com These help.

Mortgage After Bankruptcy

Getting a mortgage after a bankruptcy is not a matter of time, it's a matter of work.

maccosternlaw.com Hard work pays off quickly.

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1,500 ex-supermarket workers still jobless

Bankruptcy and foreclosure have left many neighborhoods on Long Island with an abundance of "zombie homes". Now, this epidemic has spread to vacant commercial properties formerly occupied by Walbaums. If you are facing debt or foreclosure, we may be able to assist you in avoiding falling victim.

newsday.com More than a year after all 51 Waldbaum’s and Pathmark supermarkets closed on Long Island, one third of the stores remain vacant, creating...

Deadline set for Dowling property bids

Dowling is seeking bids for 25 acres of waterfront property at its former Oakdale Campus. Bankruptcy sales present a unique opportunity for the right purchasers. If you are hoping to buy an asset at a bankruptcy sale, we may be able to help.

libn.com Bids due by March 27.

American Apparel sold in bankruptcy auction for $88M

American Apparel was purchased by Canadian apparel maker Gildan Activewear. Bankruptcy auctions provide competitors an excellent opportunity to purchase assets, goodwill, customer lists, or other items to enhance their own business. If one of your competitors is in a bankruptcy, we may be able to help.

nypost.com American Apparel got a little less American on Tuesday. A giant Canadian apparel maker won a bankruptcy court auction for the embattled Los Angeles...

New York proposes new rules for reverse mortgages

Gov. Cuomo has recently proposed changes which would treat reverse mortgage the same as "forward" mortgages in a foreclosure action. Often, borrowers in a reverse mortgage are unaware of requirements to continue paying taxes and insurance, and find themselves facing foreclosure. If you now someone facing foreclosure, we may be able to help.

housingwire.com In addition to unveiling new legislation that would grant the New York Department of Financial Services the authority to ban individuals from...

Bankrupt Student Can Discharge Debt Because It Wasn’t a Loan

Student Loan or General Promise to Pay Tuition? The Western District of New York has drawn an important distinction in a recent line of cases.

bna.com A financial agreement between a student and an educational institution isn’t a student loan and, as a result, the student can discharge the debt in...

What’s behind a sudden foreclosure spike

Despite public opinion, home foreclosures are still occurring at an alarming rate.

cnbc.com The number of properties with a foreclosure filing jumped 27 percent in October compared with September, fueled by FHA loans.

American Apparel files for second bankruptcy in just over a year

American Apparel appears to be liquidating in their second bankruptcy in 13 months. Bankruptcy sales are great opportunities for former competitors to purchase the assets of a floundering business. In this case, a well known clothing company, Gilden, has already agreed to act as a stalking horse bidder.

reuters.com American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing...

Make sure to check out this month’s edition of the Suffolk Lawyer for an article on technology and the law written by Associate Cooper J Macco!

Conn. Judge OKs 50 Cent's Bankruptcy Plan

http://www.nbcnewyork.com/entertainment/entertainment-news/Connecticut-Judge-OKs-Bankruptcy-Plan-Rapper-50-Cent-385752871.html

nbcnewyork.com A federal bankruptcy court judge in Connecticut has approved a plan for 50 Cent to reorganize his finances and pay back creditors.

Foreclosures Drop in New York and New Jersey as Courts Pick Up Pace

Over the past two years, Courts in New York have started expediting cases to clear the foreclosure docket. Be aware of your rights during the process.

wsj.com The foreclosure crisis that gripped the U.S. since 2008 has eased in many states, but it has persisted in New York and New Jersey because of the...

AG: 2 LI gyms settle in unfair billing case

Have you been contacted by a debt collector for a debt you do not owe? You may have rights under the FDCPA, particularly if you previously filed a bankruptcy.

Two LI Synergy Fitness Clubs in unfair billing settlement | Newsday http://ow.ly/xFoI3034slv

newsday.com State Attorney General Eric T. Schneiderman announced a settlement with six Synergy Fitness Clubs, including locations in Garden City and...

Claire’s banking on back-to-school sales to avoid bankruptcy

http://nypost.com/2016/07/27/claires-banking-on-back-to-school-sales-to-avoid-bankruptcy/

nypost.com Teen retailer Claire’s Stores needs a big sales lift from back-to-school or the business will likely go bankrupt, The Post has learned. “The...